Core Viewpoint - The company has entered into a strategic collaboration and licensing agreement with AbbVie for the global development and commercialization of ZG006, retaining rights in Greater China while granting AbbVie exclusive rights outside this region [1] Group 1: Financial Terms - The company will receive an upfront payment of $100 million from AbbVie [1] - There are potential milestone and licensing option payments of up to $60 million in the near term [1] - If AbbVie exercises its option, the company could receive up to $1.075 billion in milestone payments, along with tiered royalties on net sales outside Greater China [1] Group 2: Rights and Approvals - AbbVie has exclusive development and commercialization rights for ZG006 outside of Greater China, while the company retains rights within the region [1] - The transaction has been approved by the board and does not constitute a related party transaction or a significant asset restructuring [1] Group 3: Risks - There are inherent risks associated with the approval and commercialization of ZG006 overseas, as well as the subsequent payment amounts [1]
泽璟制药:与艾伯维就ZG006达成全球战略合作协议